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Galileo Update: Galileo Instant Experiences Rapid Instant Growth Six Months Since Launch
Galileo, the API standard for card issuing and digital banking, and a subsidiary of Social Finance, Inc. (SoFi) announced on Wednesday there has been significant growth and increased demand for its new product, Galileo Instant, in its first six months on the market. Galileo reported that since its full launch in June 2020, more than 1,500 businesses have signed up to access the solution, which allows businesses to launch debit card programs with significantly lower barriers to entry compared to traditional payment methods, such as paper checks and ACH payments. Additionally, cardholder spend has increased nearly 14x in the six months since launch. The company further revealed those using Galileo Instant include companies include Purple Financial, a neobank aimed at ensuring financial inclusion and independence for people with disabilities; Ivella, a company creating ban ....
Galileo Appoints Archie Puri as Chief Product Officer Global payments platform powering world-leading fintechs adds former PayPal executive to drive product development News provided by Share this article SALT LAKE CITY, Jan. 27, 2021 /PRNewswire/ Galileo, the API standard for card issuing and digital banking, has announced the appointment of Archana (Archie) Puri as chief product officer. The former PayPal executive is responsible for developing, maintaining and executing new products in Galileo s pipeline, as well as enhancing current Galileo products and features. According to Puri, businesses everywhere are innovating on new ideas every day. When I looked at recent disruptors in the space, they had one thing in common: Galileo was the engine powering their success, she said. This is why I m thrilled to join Galileo, which has successfully delivered solutions that remove the complexity from payments, while preserving scrappiness and ingenuity in ....